Norway's Storebrand subsidiary SPP moves to eliminate all fossil exposure

Jonathan Boyd
clock • 3 min read

Storebrand, the Norwegian group that manages more than NOK780bn (€77bn), has announced that its Swedish subidiary SPP is to make all its funds fossil free - an action that will help make about a third of the group's total AUM fossil free, or €26bn out of the €77bn (NOK780bn) total group AUM. Then announcement has come at a time when the Conference Of the Parties (COP) 25 has been taking place in Madrid, with so far mixed results in terms of expectations for commitments that poorer countries are seeking from richer countries to address commitments made in the Paris Agreement to combat cli...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.